Variable Frequency Drive Market size worth $ 26,897.3 Million, Globally, by 2028 at 5.2% CAGR: Verified Market Research®
Comunicato Precedente
Comunicato Successivo
Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample/?rid=42732
Browse in-depth TOC on "Variable Frequency Drive Market"
202 - Pages
126 – Tables
37 – Figures
Global Variable Frequency Drive Market Overview
The rise in demand for energy-efficient solutions across various industries such as cement, pulp, and paper, chemical, waste & wastewater is expected to drive the Variable Frequency Drive Market. VFD application areas include compressors, fans, pumps, conveyors, among others. Compared to conventional motor drives, VFD has greater functionality and operation capabilities.
Increasing demand for HVAC installation is further expected to boost the market. The use of high-performance HVAC equipment can lead to 10%–40% of energy savings. Thus, a rise in demand for smart homes is expected to increase demand for HVAC systems and thus, VFD. In August 2021, ABB's ACH580 variable frequency drives developed for HVAC applications, enabled 25% energy savings in the tallest building in Africa, The Iconic Tower. Stricter regulations coming up surrounding energy efficiency are further expected to create demand for VFD. For instance, the Indian government's Energy Conservation Act has urged industries to switch to energy-efficient machinery and equipment, creating demand for Variable Frequency drives.
Similarly, the Department of Energy (DOE), has also enabled energy-efficiency standards for industrial products such as pumps, compressors, electric motors, among others. Thus, with the rising number of stringent regulations surrounding energy efficiency across various industries and industrial products, demand for Variable Frequency Drive is bound to increase. With urbanization and industrialization on a rise, especially in developing countries, an increasing number of residential and commercial buildings are expected to come up, increasing usage of cement, Variable Frequency Drive is used in the cement industry, and with this rise, its demand is also expected to boost.
Key Developments
Key Players
The major players in the market are ABB, Eaton, General Electric, Hitachi Ltd., Rockwell Automation Inc., Schneider Electric, Siemens AG, The Danfoss Group, WEG S.A., Yaskawa Electric Corporation and among others.
Verified Market Research has segmented the Global Variable Frequency Drive Market On the basis of Type, End-Users, Application, Power Rating, and Geography.
Browse Related Reports:
Motor Monitoring Market By Offering (Hardware, Software), By Monitoring Process (Online, Portable), By Deployment (On-Premise, Cloud) By End-User (Automotive, Oil And Gas, Mining, Food And Beverage, Aerospace And Defense), By Geography, Forecast, 2021-2028
Single-phase Motors Market By Product (<5000 kw and 5000-10000 kw), By Application (Industrial, Agricultural, and Residential), By Geography, Forecast, 2021-2028
Motion Control Market By End-User Industry (Aerospace and Defense, Automotive, Semiconductor and Electronics, Food and Beverages, Medical, Printing and Paper, Metal & Machinery Manufacturing, Oil and Gas and Others), By Component (Assembly/Disassembly, Converting, Inspection/Measuring Positioning, Slicing, Shearing, And Cutting, Material Handling, Metal Fabrication, Packaging), By Application (Actuators & Mechanical Systems, Ac Drives, Electric Drives, Motion Controllers, Ac Motors, Motors, Sensors And Feedback Devices, Others), By Geography, Forecast, 2021-2028
IE4 And IE5 Permanent Magnet Synchronous Motors Market Size By Type (IE4, IE5), By Application (Automotive, Machinery, Oil and Gas, Compressor Industries), By Geography, Forecast, 2021-2028
Top 10 Electric Motor Manufacturers reminding that saving electricity is a bright idea
Visualize Variable Frequency Drive Market using Verified Market Intelligence:-:
Verified Market Intelligence is our BI Enabled Platform for narrative storytelling of this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue impacting decisions for a brilliant future.
VMI provides a holistic overview and global competitive landscape with respect to Region, Country, and Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.
About Us
Verified Market Research is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research provides advanced analytical research solutions while offering information enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SME's offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.
We study 14+ categories from Semiconductor & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & construction, Agriculture industry and Medical Devices from over 100 countries.
Contact Us
Mr. Edwyne Fernandes
Verified Market Research®
US: +1 (650)-781-4080
UK: +44 (753)-715-0008
APAC: +61 (488)-85-9400
US Toll Free: +1 (800)-782-1768
Email: [email protected]
Web: https://www.verifiedmarketresearch.com/
Follow Us: LinkedIn | Twitter
Logo: https://mma.prnewswire.com/media/1315349/Verified_Market_Research_Logo.jpg
Ufficio Stampa
PR Newswire (Leggi tutti i comunicati)
209 - 215 Blackfriars Road
LONDON United Kingdom
